How To Fix H1158 - No financial years defined in the period specified

SAP Error Message - Details

• Message type: E = Error

• Message class: H1 - Messages Used in HR Funds and Position Management

• Message number: 158

• Message text: No financial years defined in the period specified

What causes this issue?

No financial years have been defined for the period specified.
Consequently, there are no budget structure elements that can be
allocated in this period. As a result of this, you cannot define any
financing assignments either.

System Response

Financing not possible.

How to fix this error?

If you want to create financing assignments for the period in question,
you must first define a suitable financial year. The financial year
that you defined must contain an overall budget whose budget status is
<ls>Released</> (that is, that this overall budget can be allocated in
the financial year in question).
Alternatively, you can specify a different period.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message H1158 - No financial years defined in the period specified ?

  The SAP error message H1158, "No financial years defined in the period specified," typically occurs when you are trying to perform a financial transaction or reporting activity in a period for which no financial year has been defined in the system. This can happen in various modules, such as FI (Financial Accounting) or CO (Controlling).
  Cause:
  
  Missing Financial Year Definition: The financial year for the specified period has not been defined in the system.
  Incorrect Period: The period you are trying to access may not be open or may not correspond to a defined financial year.
  Configuration Issues: There may be issues with the configuration settings in the financial accounting module.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Financial Year Definition:
  
  Go to the transaction code OB29 (or navigate through the menu: Financial Accounting > Financial Accounting Global Settings > Fiscal Year > Maintain Fiscal Year Variant).
  Ensure that the fiscal year variant is correctly defined and that the financial year for the period you are trying to access is included.
  
  
  
  Open the Period:
  
  If the financial year is defined, check if the specific period is open for posting. You can do this in transaction code OB52 (or navigate through the menu: Financial Accounting > Financial Accounting Global Settings > Periodic Processing > Open and Close Posting Periods).
  Make sure that the posting period is open for the relevant company code and fiscal year.
  
  
  
  Review Configuration:
  
  Ensure that the configuration settings for the fiscal year variant are correct. This includes checking the start and end dates of the financial year and the periods defined within it.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration, refer to SAP documentation or consult with your SAP administrator or functional consultant for guidance.
  
  
  
  Check User Authorizations:
  
  Ensure that you have the necessary authorizations to access the financial periods and perform the required transactions.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB29: Maintain Fiscal Year Variant
  OB52: Open and Close Posting Periods
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  User Manuals: Refer to user manuals or training materials for guidance on financial year and period management in SAP.
  
  By following these steps, you should be able to resolve the H1158 error and proceed with your financial transactions. If the issue persists, consider reaching out to SAP support for further assistance.